Other Voices

Why Buffett Is Wrong on Coke

I know, like and respect Warren Buffett. More importantly, he is one of the few investors whose advice I bother to read and sometimes follow. Perhaps that is why I was disturbed to read that Mr. Buffett abstained from voting against an excessive executive pay proposal at Coca-Cola, of which he controls a 9% stake.

I am an ardent believer that if corporate governance in this country does not change, our economy and markets...